HARADA INDUSTRY CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 2.5 times

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Nov 8, 2024 3:30 pm JST Earnings

6904 HARADA INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

HARADA INDUSTRY CO.,LTD. <6904> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.9 times that of the same period last year, reaching 1.25 billion yen, resulting in an increase in profits compared to the previous forecast of a 68.8% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.5 times, from the previous forecast of 200 million yen to 500 million yen (compared to 518 million yen in the previous period), and the declining rate is expected to decrease from 61.4% to 3.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 752 million yen (compared to a profit of 198 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 19.4% from the same period last year, reaching 597 million yen. The operating profit margin improved from 5.4% in the same period last year to 6.9%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	19,636	-232	-115	-418	-19.2	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	22,762	625	320	2,555	117.5	61.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	23,176	1,506	1,252	618	28.4	250.4	Nov 8, 2024	J-GAAP
YoY	+1.8%	+141.0%	+291.3%	-75.8%	-75.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	21,000	300	100	50	2.3	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	23,176	1,506	1,252	618	28.4	0	Nov 8, 2024	J-GAAP
Revision Rate	+10.4%	+402.0%	+1,152.0%	+1,136.0%	+1,136.5%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	42,000	500	200	100	4.7	7.50	May 13, 2024	J-GAAP
Mar, 2025 New	42,000	700	500	100	4.7	7.50	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	+40.0%	+150.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	24,231	401	198	-1,670	-76.8	15	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	18,824	-806	-752	-518	-24.5	7.50	Nov 8, 2024	J-GAAP
YoY	-22.3%	－	－	+69.0%	+68.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	42,105	-721	-899	-1,531	-70.4	5	May 12, 2023	J-GAAP
Mar, 2024	46,993	1,026	518	885	40.7	15	May 13, 2024	J-GAAP
Mar, 2025 Guidance	42,000	700	500	100	4.7	7.50	Nov 8, 2024	J-GAAP
YoY	-10.6%	-31.8%	-3.5%	-88.7%	-88.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,012	648	500	525	24.2	5.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	12,676	930	833	400	18.4	7.3	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	11,555	-529	-635	-2,070	-95.2	-4.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	11,179	683	655	335	15.4	6.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	11,997	823	597	283	13.0	6.9	Nov 8, 2024	J-GAAP
YoY	-0.1%	+27.0%	+19.4%	-46.1%	-46.1%